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Five Agencies, One Group

The World Bank Group consists of five organizations:

The International Bank for Reconstruction and Development (IBRD)lends to governments of middle-income and creditworthy low-income countries.

The International Development Association (IDA) provides interest-free loanscalled credits and grants to governments of the poorest countries.

The International Finance Corporation(IFC) provides loans, equity and technical assistance to stimulate private sector investment in developing countries.

The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against losses caused by non-commercial risks to investors in developing countries.

The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes.

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